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Cybercrime

Bitcoin bank Flexcoin shuts down after attackers loot $570,000 from “hot wallet”

The attackers were able to steal all the bitcoins stored in the bank’s “hot wallet” – the portion of its funds on computers accessible via the internet – due to a transaction flaw in its code.

More than 300,000 wireless routers hijacked by criminals in global attack

More than 300,000 wireless routers worldwide are under the control of an unknown group of cybercriminals, who have made malicious changes to the devices’ settings – and the attack is part of a “growing trend”, researchers claim.

Mt Gox site code “posted online” as exchange admits $500m in bitcoin is lost

Bitcoin exchange Mt Gox has admitted that nearly $500 million in bitcoin has “disappeared”, in a new statement posted online – as chunks of computer code have appeared on Pastebin which appear to be part of the backend for the site.

CIA chief says internet-connected appliances are ‘worrisome’ new threat

CIA Director John Brennan says that connected appliances and networked vehicles will make the agency’s job harder – with more systems to protect, and more platforms which could be used to launch attacks.

Mark Brooks: How to spot an online dating scammer – and why it’s getting tougher

Mark Brooks of OnlinePersonalsWatch works with many online dating sites – and says that all of them are plagued by fake profiles, scammers and criminals looking for money, not love. A few simple steps can help ensure you don’t fall for a fake…

Mastercard trials fraud-busting GPS app to end misery of blocked payments on vacation

Mastercard is piloting a scheme where smartphone GPS systems are used to authenticate purchases for travellers – which could spell an end to the frustrating and common experience where cards are blocked instantly when used abroad.

U.S. businesses boost cyber defenses as they brace for more Target-style attacks

Businesses in America have increased security spending after the wave of high-profile cyber attacks late last year, including the Target breach – and most U.S. companies expect such attacks to increase over the next two years.

Neiman Marcus attackers set off 60,000 alerts – but went unnoticed

Hackers who stole hundreds of thousands of card details from upscale retailer Neiman Marcus set off more than 60,000 security alerts – but these were all missed by security staff at the company, according to a report by Bloomberg Businessweek.

Tinder dating app gave away exact locations of users for months

Smartphone dating app Tinder revealed more about its users than they might have wished over a period of several months last year – revealing their location to other app users to an accuracy of around 100 feet, according to The Verge’s report.

Personal email and cloud storage pose ‘biggest threat’ to corporate data, report claims

Nearly two-thirds of employees – 63% – use personal email to transfer work files, potentially leaving workplaces exposed to hacks against their accounts – and more than half of employees regularly transfer files by insecure channels.

Worldwide cost of identity theft could be $5 billion per year, Microsoft survey finds

A Microsoft survey of 10,000 consumers found that the worldwide annual cost of identity theft and phishing could be as high as $5 billion – and the cost of repairing damage to people’s reputation online could be even higher.

Corkow – the lesser-known Bitcoin-curious cousin of the Russian banking Trojan family

A little-known banking trojan, developed in Russia, has managed to infect thousands of victims’ computers without the knowledge of their owners. Graham Cluley takes a closer look.

Phishy business: Surge in tax scams as emails rise by nearly 50% in one year

Fraudulent emails offering refunds of overpaid tax have surged by nearly 50% in the past year, according to a report by Accountancy Age. Customers reported 23,347 phishing emails to the British tax authorities in the three months before the deadline.

American law firm admits entire server of legal files fell victim to Cryptolocker

A small American law firm has admitted that every document on a server at the North Carolina company has fallen prey to the Cryptolocker ransomware, according to a report by local station WSO CTV.

Facebook’s ‘A Look Back’ video used as bait for malware, report claims

A fake version of Facebook’s 10th anniversary celebration video page, ‘A Look Back’ is spreading via the social network, with users directed instead to another website, where they are prompted to download files.

U.S. hotel firm ‘knew of credit card breach for two weeks’ before going public

Managers at White Lodging, a hotel management firm that works with various brands including Hilton, Marriott, Westin, Sheraton and Hyatt, may have known of a major credit card data breach for two weeks before details were made public.

Cellphone-sized $20 gadget can remote-control car electronics, researchers claim

A tiny, cheap gadget which can ‘hack’ into the network of modern cars to receive radio commands ranging from controlling steering and brakes to switching off headlights is to be shown off at the Black Hat Asia security conference in Singapore next month.

Target attackers ‘broke in using log-in from air-con contractor’

Attackers involved in the Target breach, which led to the theft of 40 million debit and credit card details late last year, broke into the retailer’s network via a heating and air-conditioning contractor, according to a new report.

Weak passwords and ancient software left U.S. Government data vulnerable, DHS report finds

Weak passwords and rarely updated software are a recurring theme behind the 48,000 cyber incidents reported to the Department of Homeland Security – including the theft of data on the nation’s weakest dams by a “malicious intruder”, a DHS report has found.

California students expelled for using a keylogger to hack teachers’ computers

Eleven high school students have been expelled after being caught bugging their teachers’ computers with a key logger device to change their grades.

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05 Mar 2014
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